Flaherty tightens mortgage rules in canada with mortgage broker mark fidgett

Mortgage Broker Mark Fidgett explainsthe new mortgage changes. MEASURES ANNOUNCED TODAY Today theGovernment announced three changes to the standards governinggovernment-backed insured mortgages. LIMIT THE MAXIMUM AMORTIZATIONPERIOD TO 30 YEARS The amortization period is the length of time itwill take to pay off the entire mortgage loan. It is usually muchlonger than th…